Single tenants need an average salary of over £50,000 to comfortably afford rental payments, according to new research.

Buyer sentiment could also gain a boost from falling mortgage rates.

New research has revealed that despite the average UK tenant spending over a third of their take-home salary on rent, it is far higher in some areas.

Soaring house prices alongside the wider impact of the cost-of-living crisis have reduced a growing number of renters’ aspirations to own.

First-time buyers are moving further away to secure a spot on the property ladder due to a lack of suitable properties and affordability constraints.

A new survey has revealed that 35% of UK households would consider moving out of the area they grew up in and into a more affordable area to get on the property ladder.

New rental affordability research has revealed that the average UK tenant has been found to spend 35.7% of their salary on rent.

Mortgage rates are forecasted to fall as lenders take advantage of cheaper funding after figures show that average swap rates have started to fall.

First-time buyers in Wales are looking furthest afield, according to the research.

Today’s first-time homebuyers are paying far more than their parents did, according to new research from My Home Move Conveyancing.